Are the following statement true or false? Give reason.Appreciation of domestic currency leads to rise in imports.
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True.Explanation:
Appreciation of domestic currency makes foreign goods relatively cheaper, which leads to increase in imports.
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Giving reasons, state whether the following statements are true or false:
Both depreciation and devaluation of domestic currency have the same meaning.
Giving reason, state whether the following statement are true or false.
Unilateral transfers received from abroad will be recorded as a credit item of BOP on current account.